Obermatt

Azelis Group

BRU:AZE · BE0974400328
Trading Companies & DistributorsLarge

360

48
EV / EBIT74
Price / Owner Earnings66
Owner Earnings Yield60
Dividend Yield45
Price/Sales59
EV / Gross Profit58
Price/Book71
Return on Capital28
Cash Return on Capital33
Return on Equity16
EBIT Margin52
Gross Profitability23
Cash Conversion91
Accruals79
Owner Earnings Margin50
Sales growth27
Profit Growth62
Long-Term EPS Growth86
Owner Earnings Growth27
Reinvestment27
Price momentum17
Debt load54
Refinancing58
Debt Payback22
Liquidity52
Analyst ratings34
Opinion Changes50
Price Target Upside68
Market mood85
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Azelis Group clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryBelgium
IndustryTrading Companies & Distributors
SizeLarge
TypePublic Company
ExchangeENXTBR
Founded2021
Employees1,977
ISINBE0974400328
Last UpdateApr 2, 2026
Themes
Animal Feed

Description

Azelis Group NV engages in distributing specialty chemicals and a providing innovative formulation solution. Recognizing the importance of customer-centric services, the company specializes in delivering an integrated suite of products and services a…

Analysis

Middle-of-the-road

Azelis Group NV is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is attractive. You pay 13.6× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly 1% yearly growth; analysts expect 17%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is stretched. The company scores 8/20 on our value-creation score: creating some value. Analysts lean positive.

What to watch: The financial cushion is thinner than comfortable. A large part of the company's book value is the price paid for past acquisitions. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
34
2026

All-time high

49

Mar 2026

All-time low

34

Jun 2026

Average rank

42

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
59
Price/Earnings
51
Price/Book
71
Dividend Yield
45
Value (overall)
50

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →